Sanjay Malhotra

“inflation and its outlook are not benign, as they were last year.”

Sanjay Malhotra · said 2026-10-07 · reported 2026-10-07

RBI Governor Sanjay Malhotra said India's economic growth has been strong despite global challenges but warned about inflation.

“Given the current conditions, rate cuts are off the table in the near term, and policy action ahead can only be a rate hike or a pause,”

Sanjay Malhotra · said 2026-10-07 · reported 2026-10-07

Malhotra stated that near-term rate cuts were unlikely after the RBI raised the benchmark repo rate by 25 basis points.